Hyperwallet to be Acquired by PayPal for $400 Million

The Private Equity team advised Hyperwallet, a portfolio company of client Primus Capital, in its agreement to be acquired by PayPal Holdings, Inc. (NASDAQ: PYPL) for $400 million in cash, subject to certain adjustments. The transaction is expected to close in the fourth quarter of 2018, subject to customary closing conditions, including regulatory approvals.

Hyperwallet’s global payout platform provides growing organizations with a fast, efficient, and transparent way to distribute funds to payees almost anywhere in the world. Trusted by enterprise, ecommerce, and on-demand platforms, Hyperwallet makes it easy to deliver a superior payment experience through a single integration. The company has offices in San Francisco, Austin, London, Sydney, and Vancouver.